The Federal Reserve announced today that it will replace its current bank application filing system with a new and upgraded system later this month.
The American Bankers Association on Friday submitted comments to the Basel Committee on Banking Supervision concerning prudential treatment of banks’ cryptoasset exposures.
The percentage of bankers who said adoption of new technology is extremely important doubled in the last three years, according to the findings of the 2022 Survey of Community Banks.
Insights from the 2022 Federal Reserve/CSBS survey of community banks.
Federal Reserve Gov. Michelle Bowman discussed the “new and evolving competitive landscape” for U.S. banking services, with particular emphasis on community banks.
The Fed said that broad operational risk, technology and regulatory landscape in which FMUs operate has “evolved significantly” since requirements were last updated.
The CEOs of the seven largest retail banks appeared before Congress today for the second of two days of hearings, defending the Zelle peer-to-peer payments network and assuring lawmakers that their institutions reimburse customers for unauthorized payments.
“The crux of the issue is that ultimately the bank has to have a strong oversight and management system.”
Christian Ruppe co-founded a fintech firm when he was in college — and later he…
The Treasury Department is seeking public input regarding illicit finance and national security risks posed by digital assets.